United States based social media company Facebook has reached an agreement to settle charges against it that it did not take consent of its users before collecting and storing biometric data of millions of users for in a deal worth $550 million. On the other hand, the company’s co-founder and Chief Executive Mark Zuckerberg promised…
Plastic card companies could follow the footsteps of large United States based tech giants in becoming $1 trillion companies in terms of stock value. Share prices of credit and debit card companies Visa Inc and Mastercard Inc have gained about 50 per cent over the last year and are ranked 7th and 11th among companies…
A day after the European Union refused to ban the Chinese telecom equipment maker Huawie form participating in 5G networks, Nokia and Ericsson were chosen over the Chinese firm by France’s largest telecoms company Orange for construction of its 5G mobile network in the country., Huawei has been facing stiff opposition from the United States…
On Friday, in a statement the Organization for Economic Cooperation said, nearly 140 governments have agreed to rewrite their decades-old cross-border tax agreements over the coming months following talks this week in Paris. The rise of internet giants, including, Facebook, Google, Apple, and Amazon have weighed on countries given that these companies exploit loopholes in…
South Korean electronics conglomerate Samsung said that a turnaround for the company has already taken place even though its profits are still flagging. In the quarter that ended in December, the operating profits for the company was at 7.2 trillion Korean won ($6 billion) which was 34 per cent lower than the same period a…
The rapid spread of coronavirus and the fear associated with it has forced Google to temporarily close all of its offices in China, Hong Kong, and Taiwan.Similar actions have also been taken by some of the largest tech giants of the West including Amazon and Microsoft in order to prevent its staff from getting infected…
The last update for its aging operating system Windows 7 was provided but Microsoft just days before the software giant had said that no more updates for the IS will be provided any more. This decision to come out with the update was made the United States tech giant after it was found that the…
The impact of the global grounding of its 737 Max planes is being felt by the United States based plane maker Boeing as the company reported its first yearly loss in more than two decades, the company announced on Wednesday. Analysts found a significant impact of the grounded 737 Max planes of the company as…
The luxury brand of General Motors – Cadillac, expects 2020 to be the third consecutive year of record sale for its cars globally. This year the company expects to achieve double-digit sales growth in China despite the economic slowdown the market and slowing sales in the country, primarily in the mass-market, said Cadillac President Steve…
The continuous spread of the deadly coronavirus in china has forced United States based global fast food chain McDonalds to close restaurants in five Chinese cities while also implementing new health protocols at its outlets in the region. Stores of the company were closed down in the cities of Wuhan, Ezhou, Huanggang, Qianjiang and Xiantao…
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